Swedish fintech company Anyfin scores $30 million Series B to expand across northern Europe

Anyfin, a Stockholm-based digital lender that allows consumers to refinance their loans, has raised a $30 million Series B led by EQT Ventures, with support from previous investors such as Accel, Northzone and Global Founders Capital. Currently operating in Sweden and Finland, the fintech startup will use the funding to expand into new European markets.

Anyfin enables consumers to refinance their existing loans directly on a mobile app. Combining loan data with publicly available consumer data and AI, the platform offers a refinancing option and the company settles it for the user. In a press release, the startup claims it has lowered interest rates by an average of 64 percent for thousands of people who have so far saved about $10 million.

With the goal of offering fair financial services, Mikael Hussain (CEO), Sven Perkmann (CTO) and Filip Polhem (COO) founded the company in 2018, bringing experience from some of Sweden’s best-known tech companies: Spotify, Klarna and iZettle. The first issue they tackled was high interest rates on credit cards and private loans. “Right from the start, Anyfin has been on a mission to increase millions of people’s financial wellness,” said Hussain. “We want to make it as simple as possible to refinance a loan and give consumers the rate they deserve.”The refinancing solution earned the team a Series A in 2018 and then an €8 million extension exactly one year ago. With this year’s hefty raise, it’s likely new offerings will be introduced, but no word on what’s in the pipeline.